108 Additional Information We Are Kenanga Leadership Message Our Sustainability Approach How We Are Governed Financial Statements Shareholders’ Information • Enhance the Use of Technologies and Innovation Kenanga has adopted a governance strategy focusing on risk-based integration of compliance requirements and best practices in line with the laws, regulations and industry standards. As more services are offered in the digital environment, we will continuously develop new and update existing compliance requirements and best practices in line with the digitalisation in order to remain significant and relevant. At the same time, Kenanga will keep up with the development and changes in laws and regulations to achieve compliance effectiveness, and stay up-to-date by looking into innovation and being consistent with the regulators’ expectations. We will strive to develop and take advantage of new technologies as these are essential processes across business and operational units while at the same time ensure effective compliance strategy in adapting to the changes. • Strengthen Controls to Combat Financial Crimes Kenanga takes a zero-tolerance approach with respect to financial crimes in all our business dealings, be it involving our employees, clients, suppliers, contractors or other third parties. The COVID-19 pandemic has revealed further the necessity for Kenanga in establishing a stronger foundation that will better position us to combat financial crimes and similar risks that may have corrupting effect on society and the economic system as a whole. MAINTAINING A HIGH LEVEL OF CORPORATE GOVERNANCE Details on Kenanga Investment Bank Berhad’s corporate governance disclosure are available in the Corporate Governance Overview Statement appearing on pages 66 to 96 of this Annual Report and Corporate Governance Report which is available at Kenanga Investment Bank Berhad’s website at https://www.kenanga.com.my. OUR FOCUS AND STRATEGIC PRIORITIES FOR 2023 The importance of ESG has accelerated with the growing interest of the investors and introduction of new regulations on socially responsible investment and due to this, the advancement of the ‘Governance’ pillar remains a critical aspect for the business and operations of Kenanga in 2023. Kenanga seeks to ensure that our sustainability journey is one that is balanced and holistic, and that our adoption of ESG best practices is less risky and better positioned for a long-term presence. Kenanga and GRCS will consistently implement a rigorous ESG compliance strategy and operational transparency to guarantee a quality regulatory framework and that our business and operations are carried out in accordance with good corporate governance. In addition, a more sophisticated group-wide ethics and compliance risk management program that gives a holistic perspective of hazards and improve risk monitoring, analysis, and reporting will be implemented. This would not only help to promote ethics and compliance but establish the right connection to corporate plans, processes, controls and laws, which would eventually allow Kenanga to manage financial crime risks proactively and gain a competitive edge. • Foster a ‘Speak Up’ Culture Kenanga is committed to providing a respectful and inclusive environment to work in. We will continue to emphasise on the importance of employees speaking up to highlight any wrongdoing or breach of policies at the workplace either through direct communication with the superiors or the relevant channels in Kenanga such as the whistleblowing (Speak Up) channel. Through such emphasis, Kenanga sends a strong message to all employees as well as other stakeholders that bad organisational practice will not be tolerated. This also reassures the employees and stakeholders that their concerns are important, and encourages problems to be brought to the attention of Kenanga. ETHICS AND COMPLIANCE STATEMENT
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